Telikom offloads 50% of B Mobile to investor group

2 Sep 2008

Papua New Guinean telco Telikom PNG has spun off 50% of its ailing mobile phone subsidiary B Mobile to an investor group for USD45 million, according to local newspaper The National. The stake has been acquired by a company called Black Dolphin, in partnership with Capital Way Consortium. Capital Way Consortium is made up of Trilogy International Partners (20%), General Enterprises Management Services (GEMS, 20%), Nasfund (5%) and Nambawan Super (5%), the newspaper said. The PNG government will retain 50% of the cellco.

Papua New Guinea